Is Newtown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Newtown has remained a Seller's Market.
Key Takeaway
Newtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newtown, PA
How much do homes in Newtown, PA cost?
Median Sold Price
$651,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Newtown have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Newtown was $651,000 in June 2024, down 2.3% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $287.4K | +10.6% |
| 2 Bedrooms | $340K | $375K | +10.3% |
| 3 Bedrooms | $535K | $568K | +6.2% |
| 4 Bedrooms | $842.5K | $840K | -0.3% |
| 5+ Bedrooms | $1.5M | $1.1M | -20.7% |
Summary: Newtown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
| Newtown Township | $590.5K | $651K | +10.2% |
| Newtown | $666K | $651K | -2.3% |
Housing Supply in Newtown, PA
How many homes are available in Newtown, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 109 | 109 | 0.0% |
Summary: The Newtown real estate market had 109 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Newtown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newtown, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Newtown in June 2024, up by 3.6% month-over-month. Of the 29 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for Newtown, PA
How long does it take to sell a home in Newtown, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 18 Days | 52 Days | +180.3% |
Summary: Homes in Newtown had an average of 52 days on market in Jun 2024, up by 180.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newtown are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 29 homes were sold in Newtown; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
